Description
NSE modifies the issue price details for equity shares of Jash Engineering Limited issued pursuant to preferential allotment, revising the issue price to Rs. 305.50 per share.
Summary
NSE has issued a modification to the earlier circular dated December 19, 2025 (NSE/CML/71908) regarding the listing of equity shares of Jash Engineering Limited issued pursuant to preferential allotment. The modification specifically updates the issue price details while all other terms of the original circular remain unchanged. The revised issue price is Rs. 305.50 per equity share of face value Rs. 2 each.
Key Points
- Revised issue price: Rs. 305.50 per equity share (face value Rs. 2)
- Total securities allotted: 149,995 equity shares
- Date of allotment: September 15, 2025
- Distinctive number range: 62755126 to 62905120
- ISIN: INE039O01029 (temporary ISIN IN8********* for dematerialized shares pending activation)
- Market lot: 1 share
- Securities are pari passu with existing equity shares
Regulatory Changes
This circular modifies the issue price details from the previous circular NSE/CML/71908 dated December 19, 2025. All other aspects of the preferential allotment remain as per the original circular.
Compliance Requirements
- Lock-in requirements apply as specified in Annexure-A:
- 75,000 shares (Distinctive Numbers 62755126 to 62830125): Lock-in expires on June 20, 2027
- 74,995 shares (Distinctive Numbers 62830126 to 62905120): Lock-in expires on June 22, 2026
- Shares allotted in dematerialized mode credited under temporary ISIN in accordance with SEBI circulars CIR/MRD/DP/21/2012 (August 02, 2012) and CIR/MRD/DP/24/2012 (September 11, 2012)
Important Dates
- Circular Date: December 30, 2025
- Date of Allotment: September 15, 2025
- Lock-in Expiry Date (75,000 shares): June 20, 2027
- Lock-in Expiry Date (74,995 shares): June 22, 2026
- Original Circular Date: December 19, 2025
Impact Assessment
Market Impact: Medium - This modification affects the valuation basis for the preferentially allotted shares of Jash Engineering Limited. The revised issue price of Rs. 305.50 per share will impact the cost basis for allottees and may influence market perception of the company’s valuation.
Shareholder Impact: The modification primarily affects the 149,995 equity shares issued under preferential allotment. Existing shareholders and the preferential allottees need to note the revised price for regulatory compliance, taxation, and accounting purposes.
Operational Impact: Limited to Jash Engineering Limited and its preferential allottees. The lock-in provisions remain effective with differential expiry dates for different tranches of shares, which will impact tradability and liquidity of these specific shares until the respective lock-in periods expire.
Impact Justification
Technical modification to previously announced preferential allotment details affecting a specific company; impacts shareholders and lock-in calculations but does not affect broader market operations.